Stock Traders Purchase Large Volume of Call Options on DLocal (NASDAQ:DLO)

DLocal Limited (NASDAQ:DLO) saw unusually large options trading activity on Thursday. Stock traders purchased 11,277 call options on the company. This represents an increase of 291% compared to the average volume of 2,882 call options.

Analysts Set New Price Targets

Several research analysts recently commented on DLO shares. Bank of America boosted their target price on DLocal from $7.50 to $8.00 and gave the stock a “neutral” rating in a research note on Thursday, August 15th. Barclays decreased their price target on shares of DLocal from $14.00 to $8.00 and set an “equal weight” rating for the company in a research note on Tuesday, August 6th. Finally, Susquehanna reduced their price objective on shares of DLocal from $21.00 to $14.00 and set a “positive” rating on the stock in a report on Thursday, August 15th. Seven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $12.50.

DLocal Stock Performance

Shares of DLocal stock traded up $1.45 during trading on Thursday, reaching $10.49. The company’s stock had a trading volume of 6,715,752 shares, compared to its average volume of 1,579,848. The firm has a market cap of $3.10 billion, a PE ratio of 23.07, a P/E/G ratio of 4.33 and a beta of 0.74. The company has a 50-day moving average price of $8.63 and a two-hundred day moving average price of $8.85. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.01. DLocal has a fifty-two week low of $6.57 and a fifty-two week high of $19.45.

DLocal (NASDAQ:DLO) last announced its earnings results on Wednesday, August 14th. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.06. DLocal had a net margin of 18.76% and a return on equity of 34.35%. The business had revenue of $171.30 million during the quarter, compared to the consensus estimate of $203.18 million. During the same quarter in the prior year, the firm earned $0.15 earnings per share. The business’s quarterly revenue was up 6.3% compared to the same quarter last year. On average, analysts forecast that DLocal will post 0.42 EPS for the current year.

Institutional Investors Weigh In On DLocal

Several large investors have recently modified their holdings of the stock. Quarry LP lifted its position in DLocal by 1,124.7% in the second quarter. Quarry LP now owns 3,919 shares of the company’s stock valued at $32,000 after purchasing an additional 3,599 shares during the period. International Assets Investment Management LLC acquired a new stake in DLocal in the third quarter valued at $109,000. Ridgewood Investments LLC grew its stake in shares of DLocal by 31.8% during the 2nd quarter. Ridgewood Investments LLC now owns 13,654 shares of the company’s stock worth $110,000 after purchasing an additional 3,293 shares during the period. Krane Funds Advisors LLC purchased a new position in shares of DLocal in the 2nd quarter valued at about $122,000. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd boosted its holdings in DLocal by 24.7% during the second quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 15,639 shares of the company’s stock worth $127,000 after buying an additional 3,101 shares in the last quarter. Hedge funds and other institutional investors own 90.13% of the company’s stock.

About DLocal

DLocal Limited operates a payment processing platform worldwide. The company offers pay-in solution which the business and get paid for their products and services through various payment methods, including international and local cards, online bank transfers and direct debit, cash, and alternative payment methods.